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With all the changes and announcements in 2018, our Eurozone Hub has collated the following supervisory outlook for 2019 as a non-exhaustive “Playbook” for Banking Union Supervised Institutions and other regulated market participants already based in or otherwise relocating to the EU and/or the Eurozone.

In the wake of the release of the much-anticipated 2019 Federal Budget, members of Dentons’ Tax group, together with a team at Wolters Kluwer, have prepared a Special Report which provides a detailed analysis and concise summary of the changes featured in the Budget.

In Policy Scan 2019, Dentons' US Public Policy team's annual analysis of the legislative and political landscape, we take a close look at the issues, questions and conflicts that will dominate the dialogue on Capitol Hill and in the White House over the coming year.

With 175 locations in 78 countries, Dentons is home to top-tier talent that is found at the intersection of geography, industry knowledge and substantive legal experience. Working with Dentons, you will have the opportunity to learn from the best lawyers in the industry at the largest law firm in the world.

The 2019 edition of The Legal 500 Europe, Middle East and Africa has recognized 133 Dentons lawyers, of which 89 have been included in the elite “Leading Lawyers” list, while 44 are listed as “Next Generation Lawyers”.

Dentons, the world’s largest law firm, has launched a new Market Insights publication entitled “Digital Transformation and the Digital Consumer”, which examines the legal implications of the online economy.

Dentons achieves 32% reduction in stress in European mindfulness pilot

Dentons achieves 32% reduction in stress in European mindfulness

Dentons achieves 32% reduction in stress in European mindfulness

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December 14, 2018

Dentons has completed a pilot mindfulness program to help lawyers and professionals develop essential business skills, including the ability to manage emotions and stress more effectively. The NextMind program seeks to develop core elements of emotional intelligence – namely self-awareness, emotional self-regulation, social skills and empathy – through regular mindfulness meditation. Relying on the latest findings of neuroscience, cognitive science and psychology, the eight-week program combines elements of education, practice and open discussion.

The pilot program attracted close to 60 participants from across Europe. To measure the impact of the mindfulness practice, participants completed a self-assessment of their wellbeing and stress levels before and after the program. On average, they reported a reduction in stress of almost one third. They also reported a 75% improvement in social wellbeing, an 18% improvement in emotional wellbeing, and 16% improvement in self-efficacy. Based on these positive initial outcomes, Dentons plans to roll out the program more widely within Europe over the coming year.

Partner Karina Furga-Dąbrowska, Co-head of Dentons’ Tax team in Warsaw, developed and delivered the innovative program in collaboration with mindfulness trainers from the Kalapa Leadership Academy. In addition to being a Tax partner, Ms. Furga-Dąbrowska recently completed a mindfulness-based cognitive therapy (MBCT) training in the US, and is currently enrolled in a MBCT studies course at Oxford University’s Department of Psychiatry.

A humanistic and scientific take on business

“The social competence and emotional intelligence of our lawyers and leaders are key to success in tomorrow’s legal advisory market,” observes Karina Furga-Dąbrowska. “More and more scientific research demonstrates that soft skills are in fact the new hard skills, and are essential in building and effectively running top-notch teams. A deliberate use of these tools in dealings with leaders, employees and clients helps organizations achieve a competitive edge and boosts the effectiveness of cooperation between teams. This is especially true of global, multicultural organizations such as Dentons.”

The program addresses issues that often prove challenging to lawyers and professionals working under constant pressure of deadlines and expectations of achievement. Immersed in a highly demanding corporate culture, they can be overwhelmed with irreconcilable priorities. This chronic stress can leave professionals unable to concentrate properly and emotionally drained, leading to an increased risk of burnout, emotional distress and depression.

The NextMind program equips participants with tools that are useful in situations of acute stress and escalating conflict. Participants learn about the neuroscientific aspects of long-term stress, psychological pitfalls of perfectionism, social and business consequences of cognitive bias, and the hazards posed by multi-tasking.

Innovative approach by a law firm

NextMind is the first program of its kind to be launched by a global law firm on a European scale. The pilot program included participants from more than 12 countries, divided into three groups. The first two groups consisted of professionals from Dentons’ office and shared service center in Warsaw, who attended the mindfulness workshops in person. The third group consisted of professionals from across Europe, who attended the training through online webinars. In addition, all participants were provided with an online knowledge platform and smartphone app to help them practice mindfulness on a regular basis.

In addition to the measurable improvement in stress management and wellbeing, the benefits of the program include greater self-awareness and increased emotional self-regulation, both instrumental in reducing emotional distress. Participants also learn to consciously focus their attention, a skill that translates into better concentration, improved precision and effectiveness in performing tasks, all of which help reduce the risk of error. Another tangible benefit is improvement in communication skills.

“Thanks to mindfulness meditation, we come to know ourselves and our emotions better, and are thus better able to consciously direct our actions,” explains Karina Furga-Dąbrowska. “We also come to better understand the needs and emotions of others, which is key to better team management and the development of lasting trust-based relationships with clients. By exercising our mindfulness muscle we enhance our ability to concentrate, and thus our ability to arrive at correct conclusions and important decisions more quickly. And that ability is of fundamental importance in the kind of work lawyers do.”

About Dentons

Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com.

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